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Home My WebLink About1247 3. To place and tontinuousiy keep on ?he bui!dings ~ow or hereafter ~itua/e on said land and on at! equipment and personally tovered by this mortg• ec~e, with all premi~mi ~hercon pa~d in 1ull, fire inswance in the ufual standard poliq io~m, in • sum approvrd by the MGR~:~aGfE, a~~d winditOnn :nsurooce in ~he usuat s?andard pol,cy lorm, in a aum approved by ~he MORTGAGEE, in such company or companies as the ~MCRTGAGEE may di~ect; and sN ~ire and w~ndstorm insurance polec;es on any of said build~ngs, any inlere~l Ihe~ein or part thr~eo(, in the aggrega~e sum ato~esaid or in excess Ihaeof, shall contain the usual slandard mortgagee ciause w such o~her tlause as the Mortgagee may requ~re, ma?ing Ihe Icss un~e~ sa~d poli- ues, esch and every, payabi~ to said MORTGAGEE as itt imeresl may appea~, and esch and every auch po+dcy shall be p~omp~ly ass gn~d a~~d dr.ivered to any held by said MORTGAGEE as further srturity to wid mor~gage debt, and, not leu Ihan te~ (10) days in advance o( ihe expiration of each polity, to de- I~vr~ to said MORTGAGEE a renewal thereof, logether with a rece~pt fw tAe premium oi iuch renewal; and there shall be no I;re or wi~id>ror~~ insurance pfaced on any of sa+d buildings, any intere~ therein or pa~l thr.reof, unless in tluu form and with the loss payabte as a~oresaid; and in the event any sum of money becemes payable under such polity or polaies said MORiGAGEE shall have thr opt~o~ to reteive and app:y the same on atcoun~ of the indrbtrd- nras sr:~red hereby w to permit said MdRTGAGORS ~o reteive and uu it ot any pari thereol for o:'nc~ F:ur~~oses, ,.,:n~vt ~h ui w~~~i or u,~p,.~r- ing any eq~~ty, lien or ~ight under w by virtue of this mo:•yage; and in the event said MORTGAGORS shail fo~ any reason fail to keep the sa~d pre~n~sra so insured, O? fail 1o deliver promptly any of said polities of insurante to said MORTGAGEE, o~ fail promptty to pay iu~ly any prenvvm thcrefo~ or in any :;c-_:+ ~~i! tQ pe+form, discharge, execute, eflep, tomptete, canply with and abide by this tovenant, w any part hereof, said MGRTGAGEE may place a~~u ; pay iw such insurance or any part fhereof witl+out waiving w af(ecting any option, lien, equity, or right under or b~ virtue of this Mwtgage, and the ~ f;,it amount of each ar+d every such paymero shaH be ~mmediately due and psyable and shall bear imerest from Ihs date thereof until pa~d at the rete oi , nine per tentum per annum and ~o3ether with such inte~est shali be secured by the lien of this mortgage. ~ 4. To ptrmit, commit or svffer no waste, impairment or deter~oration of said property or any paA thereof. 5. To pay all and s~ngulsr the costs, charges s~d eapenses, including a reasonable attwney's (ee and cos~s of abstracts of tit!e, incurred or pa~d at any time by aaid MORTGAG:E, because or in the event of the fa~lwe on Ihe prr? of the said MORTGAGOR to d~ty, pranpNy and fully pe~form, d~scharge eaecute, etfect, complere, comFiy w~th and ab:de by each and every the stipulat~ons, agreemems, condit~ons, a~d covenants of sa~d prom~ssory note and thh ,nortgage any or either, anc sa~~ costs, cM~ges and expenses, each and every, shatl ba immed~arely due and payabte; whether o~ not rhe,e be nohce d~ mand, attempt to colleci q suit pend~ng; and the full amount of each and e~e~y s~ch paymeot shatl bea~ interes~ irom ~he date thereof ~nt~l paid at the +:+~e oi nfne ~aer cenrum prr annum; arw all said costs, ch~rges and ex;.~nses incwrets a paid, together wdh such ~nce~est, shall be secured by the I~en of th~s mortgage. b• Tha~ la) in /he event of any breach of this Mortgage or default on the part of the MORTGAGQR, w;b) in the evenl any of sa;d sums of money herein referred to be oot promptly and fully paid w~~hin th~rty ~30) days next afrer fhe same severa!ty become due and payeble, witF~ov: demar.d or no~ice, or (cj in the event each and every the stipulahons, agreements, cond~t~ons and covenanfs o! sa.d promiswry note and tlus mo~tgagr any or e~ther are not iuty. promody and futly performed, d:uharged, exec~ted, eitected, comp4e~ed, carplied whh and ab.ded Sy, then in e.ther or any such event the sa~d ag- g~egate sum memio~ed in said p~omissory ~ote then remaining unpa~d, with interest acuued, and aN moneys secured hereby, shall becorne due and pay- a5~e fo~thwith, w thfreafter, at the option of sa~d MORTGAGEE, as fully and compleiely as if atl of the said sumi of r.,v~ey were onginally st~pu:ated to be pa~d on suth day, anythi~g in sa.d promissory note or in this Mo~tgage to the tonnary notwithstand~ng; and therc~pon or thereaftrr at ~he opt~on of sa:d R:v^27GAGEE, w~thov! notice or demand, suit at !aw a in equity, lherelore w Ihereai~er begun, may be urosecur-~d as if all moneys secured heteby n::d marured pnw to ~ts instirution. 7. That in the event that at the b~ginn;ng of or at any time pe~d~~~y- any suit upon this Mertgage, or to foreclose it, or to reiorm it, or to enforce payment of any claims he+eunder, said MORTGAGEE shall apply to the Courr having ~unsd~ct+on fhe.eof for tbe appe,nlment of a Rece~ver, such Court shail forthwith appoiM a rece~ver of said mortgaged prooerty ali and singutar, includ,ng ali and s~ngular the ~ncon~e, profrts, issues ar.d revenues lrom whateve~ icurce derived, each and every of whKh, it being eapressly understood, ia hcreby mortgaged as if speufica(ty set iw~h and described i~ the granr~ng and h~bendum davses hereof, and such Receiver shall have all the broad and efiective funu.ons and powers in anyw~se enrr~iied by a Court to a Receiver, and s. ch appointment shall be made by such Court as an admitted eq~~ty and a ma~ter of absolute rigM to said MORIGAGEE, a~d w~rhoul refere~~ce to ths adequacy w insdequacy o/ the valut of the property mo~tgaged o~ to the so+vency or insolvency of sa~d MORTGAGpR or fhe defendants, and fhat such renrs, profits, incwrie, iuues and revenues shall Ne applied by such Rece~ver accord~ng to ~he lie~ or equity of sa~d MORiGAGEE and the practice of such Court. io dviy. pro.,,pt~ a.;;! t~,:;~; ~stc,ra~, d:stls~ryQ. ~xe~;;t~. +ffecs, cu~!etr. com.~!y rrith and abit~e by ea~ end ere~y Jhe sfipulafions. .~p~eemenfs. conditiona and covenants ~n :a~d p~omisso~y note and this mortgage set forth. 9. That in the evero the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a per~n other tha~ the MORTGAGOR, the h+ORTGAGEE, its s~+ccesso~s and assig~s, may, wi~hou~ notice to the MORTGAOR, deat wlth suct~ successw w successor in inrerest wnh reference to thrs ~*ortgage and the deiot hereby secur~ in the same manner as w~th Mortgago: without in any way vit,ating or d:scharging the Mlortgagors' Iiabil;ty hEre : ~nder or upon the debt hereby sec~red. No sale oi the premeses hereby mortgaged and no forbearance on the part oi the /hORTGAGEE or its wccessors ~ or assig~s and no extension of the f'rme for rhe payment of the debt hsreby secured given by the MpRTGAGE~ or its successors or assigns, aiiall operate to release, d~scharge, modify change or affect the orig~nal Iiab~Gty of the MORiGAGOR herein, ~ither in wh.ole w in part. 10. It is specifically agreed thet time is of the essence of this contract and tha! rto waiver of any obl~gat~on hereunc3er w o1 the obligation s~ c~red here~y shall at any time thereatrer be he~d fo be a waiver of the terms he~eof o~ oi tfie instrumeM secured hcrby. 11- In add rio~ to the fwege'nq month)y paymenss of princ'pal and interest required by the prom:ssory no!e secured hereby, mortgagor c~venants a~.d agrees :o pay to mortgagee with each monrh~y payr:zent an add~rional sum est;n:ated by mortgagee to be equal to I, 12 of the annval cost of the follow- n~: A-Alf reat property taxes levied or assesscd aga7nst thc above descri5ed rea! esrate. B-Pren:~ums on i~re and windsform insurance ac bere~n requ;red to be ca~ried on the ~mprovements s~tuate on the above described premises. C-Premiums on such morlgage guaranty ir.surance as mortgagee shall frorr: rme ro t~me deem fit to ca~ry on the loan secured hereby. Mortgagee s~.a'J '-em t~me to limp natify mo.tgagor in wr~t~ng of the ar ounf dve and payable hereunder and such sum shait thereupon be due and r.~able on the due dare of ~he next month!y paymem and each successive mon~h rhereaft~r ur.~il mortgagee shall not~fy mortgagor of a change in such a-.o~m. 5uch sums sha:l be applied by mortgagee toward the payment of real p~operty taxes, insvrance prem:ums, a,id mortgage guaraMy insurance c+'emi~ms. tN WITNE~S Y~H EOf, the sa' MORTGl,GOR has hereunto set his hand and seal the day and year first aforesaid. Sgoed. Seal Qf: (/K~~%~ - - ~ L~3E!'~3~ _(Sesp ~ / c.f ~ V (Sea(j fI~1Ltr't~'.n~ (Seat) , ~ - ~Sesl) STA7E Of FLORIDA ~ CJUNTY OF _ St. LUC16 eer«~ ~,~„u,, appeared William J ackson Caviness a~ Fr rkie I Caviness his wife, to me well known and known to me to be ~he ind~v~dwls described in and who executed the fwegoiny instr~ment, and acEnowtedged before me that they executed the same fw the purposes ? therein exp~essed. And the said _ FI'~Ylkl@ I. Caviness i ~.,r~ or r~ W']li am Tackson aviness ~ r~~' ~ re e¦am~nat~o~ by me taken separate and apart from her ssid husband, sdcnpwledged to and befwe me that she exeNlq~~~~`I~N~~R"~1Y'~F'o~~~~+n- ta~iiy and wrthout sny compuision, consfraim, spprehensro~, or fesr of or from her ssid husband. • . - WITNEU my hand and offici~l seal this ~~h ~ ~~~T % =~9 7~ F1 L A~ Y J S~. LUGIE CO ~ Ct<< C '.v - s a t!~ r~f C~ C~. ~otary Pubtic in snd ipi 1 ' Return To: ' ~~(~1 QO My Comm~ssion s~cpires::.~ ~J.117 , j ~'s~ ept 25. 19~1 firsr ftder~l Savings 3 toan Qstotiar7on n •''•.~~7 i/ Aa~,~~ trMMy co. Ot Fo~t P er~e ~ . j ~~O 1~!^T I PH • ~ rl~..~.;`~ Fo:t Pierce. Fiorida , ~~'~~~~~~t ~`~',v~~~~ ~C ;E' F'OtTRAS r~r~~ CiRCUIT COURT This Instrument Prepared By First Federat ~avings 6 Loan Association of Fort P~erce n{~ ~HSTRUMENT WA~ P~cPAREO 6'~ FR14NK H. FEE, !II FIRST FEDERAL BLOG. Checked By ,Q~..~ ; BOOK 1S~ PACE 1~~~ - ~ _ . - - . .r~~- - - _ - -